The invention provides a protection device for a moisture-proof underground cable, which belongs to the technical field of cables, and includes a moisture-proof underground cable and a protective sheath, and a moisture-proof underground cable, including a cable body. The cable body sequentially includes a guide core, an insulating layer I, and an inner liner layer, the first water-blocking layer, the metal sheath, the second water-blocking layer and the outer covering layer, there are multiple guide cores, the guide cores are covered with insulating layer II, and cross-linked polyolefin is filled between the guide cores, and the cross-linked polyolefin Carbon fiber is added, and the outer surface of the outer layer is coated with anti-corrosion materials; the protective sheath is set on the outside of the moisture-proof underground cable, including the protective sheath body. The shape of the protective sheath body is adapted to the shape of the moisture-proof underground cable, and the inner surface is concave. A structure that alternates with convex surfaces and is coated with anti-corrosion material. The invention improves and optimizes the structure of the protection device of the existing underground cable, so that the comprehensive performance of the cable is improved, especially the anti-corrosion performance is significantly improved, the water blocking performance is excellent, and the stability is strong.